Exhibit 10.10
COMPENSATION AGREEMENT
This Compensation Agreement is dated as of October 1, 2004 among Calypso
Wireless, Inc. a Delaware Corporation (the "Company") and Sichenzia Xxxx
Xxxxxxxx Xxxxxxx LLP ("Consultant").
WHEREAS, the Consultant has provided and will continue to provide the
Company legal services in connection with its business; and
WHEREAS, the Company wishes to compensate the Consultant with shares of its
common stock for such services rendered;
NOW THEREFORE, in consideration of the mutual covenants hereinafter stated,
it is agreed as follows:
1. The Company will issue 50,000 shares of the Company's common stock, $.001 par
value per share, to such members or employees of the Consultant, as the
Consultant shall designate.
2. The above compensation shall be registered using a Form S-8. The Company
shall file such Form S-8 with the Securities and Exchange Commission within 30
days of the execution of this agreement.
IN WITNESS WHEREOF, this Compensation Agreement has been executed by the
Parties as of the date first written above.
CALYPSO WIRELESS, INC.
By: /s/ Xxxxxxx Xxxxxxx
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Name: Xxxxxxx Xxxxxxx
SICHENZIA XXXX XXXXXXXX XXXXXXX LLP
By: /s/ Xxxxxxx Xxxxxxxx
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Name: Xxxxxxx Xxxxxxxx, Esq.